Filing Flows › Mercantile Bank (MBWM) › Q3 2026 › vs Q3 2025
Mercantile Bank (MBWM) Q3 2026 vs Q3 2025 (year over year)
Mercantile Bank's revenue rose $10.8M (+17%) from $62.4M in Q3 2025 to $73.2M in Q3 2026. The biggest changes: Net interest income +$8.9M (+17%); Noninterest income +$1.9M (+18%). Operating margin 39.5% against 44.0% (-4.4 pts).
Mercantile Bank, Q3 2026: revenue $73.2M (+17% year over year), operating margin 39.5%, net earnings $24.1M, operating cash flow $47.1M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 39.5% | 44.0% | -4.4 pts |
| Net margin | 32.9% | 38.1% | -5.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Net interest income | $60.9M | $52.0M | $8.9M | +17% |
| Noninterest income | $12.3M | $10.4M | $1.9M | +18% |
| Revenue | $73.2M | $62.4M | $10.8M | +17% |
| Operating profit | $28.9M | $27.4M | $1.5M | +6% |
| Costs & expenses | $44.3M | $35.0M | $9.3M | +27% |
| Pre-tax earnings | $28.9M | $27.4M | $1.5M | +6% |
| Credit loss provision | $700K | $200K | $500K | +250% |
| Noninterest expense | $43.6M | $34.8M | $8.8M | +25% |
| Net earnings | $24.1M | $23.8M | $314K | +1% |
| Income tax | $4.9M | $3.7M | $1.2M | +32% |
| Depreciation & amortization | $1.2M | $1.3M | −$158K | -12% |
| Share-based compensation | $999K | $929K | $70K | +8% |
| Working capital & other | $20.8M | −$2.9M | $23.7M | — |
| Operating cash flow | $47.1M | $23.1M | $24.0M | +104% |
Questions
How much did Mercantile Bank's revenue grow year over year in Q3 2026?
Mercantile Bank's revenue rose $10.8M (+17%) from $62.4M in Q3 2025 to $73.2M in Q3 2026.
What drove Mercantile Bank's revenue change in Q3 2026?
Net interest income +$8.9M (+17%); Noninterest income +$1.9M (+18%).